| Show TIlE THE DAILY NEW YORK Fin Financial a n cia I W Whirligig hi rl i gig Written for lor Tho Telegram by NEW YORK YORK Labor Labor troubles jn hi the tire Ure Industry had less publicity publicity publicity pub pub- than friction In motors and steel but in some ways the situation has been even more threatening No other Important group has high Section 74 as ns thoroughly as the rubber mag mag- mites nates Their workers workers loosely loosely organized or or- have have been slow to show resentment but there thero are aro indications huH indi that suppressed ill feeling has been rising dangerously to towards towards towards to- to wards a boiling point The tire makers dont don't want W a n strike e. e They feel teel they could lick Jick one ono if iC it starts but starts but their business business busi- busi ness is Improving and th they'd yd rather not mess around with the tho unionization Issue at alt all If they can help It it So insiders say tho the Al Akron ron plants are arc considering a general Jeneral wn wage e increase as an antidote antidote anti anti- dote doto to this new nonsense nonsense nonsense non non- sense about unions and col collective bargaining The cost of the Increase Increase-If if granted will ranted will be paid b by tho the public public public pub pub- lic rather than tho stockholders Tho The prices will be pumped up ip to correspond Its It's felt that recovery has progressed enough to tj make matte this feasible without a n serious kick-back kick from tho the customers Other Industries will vilt l keep rep a watchful eye eo on the experiment If it succeeds In damping labor unrest it will be widely Imitated One executive remarks that a n dollar or or- orso so extra a n day would be ho bea hoa a cheap price to J keep the closed shop away especially away especially if it you ou can get to foot tho the bill In Inie view ie of tho the extreme conservatism censor conser of tire Interests you hear comment that voluntary adoption of such a prescription is as surprising surprising surprising sur sur- as a small boy asking for cast castor r oil S Leo Lo automobile labor board poured kerosene on the flames with its report that only 5 per cent of voting auto workers showed affiliation with the tho federation federation fedoration fed fed- oration of labor The federation had taken scant Interest in the elections elections being being sore sor at the board already and already and claims the figures give the wrong impression entirely en en- If F. F D. D R. R insists that Weman's Wol We- mans man's group shall continue to function despite labor protest protest protest-as as has been reported reported its its it's 5 to 1 there thero will bo be a n. strike e within two months Tho The motor managements are arc I pleased with statistical support for their contention that most of their dont don't want to be organized But their satisfaction wont won't cool the fever any O a Of A AThe 09 The senates senate's turndown of tho the world court didn't send tho the international international international inter national bankers ers into mourning as as you might have expected after after after af af- af- af ter opposition charges that the whole thing was one of oC their tricks Most financial leaders thought it would be a good idea to join but their convictions were decidedly less than passionate What interests New York chiefly is the effect of the beating on the presidents president's control of congress con con- gress The informed best sources discount the theory that it will vill lead to bigger and better rebel rebel- lions They believe rather that the senate senate having having asserted its independence independence inde inde- In ono one direction is is likely to prove more tractable in others They point out that the world court like court like the bonus bonus has has emotional overtones which set it apart from issues originating with the new deal Another important angle Is h what will happen to monetary and trade negotiations with foreign foreign foreign for for- eign powers They had just about been sold the tho idea that it was safe to make agreements with F. F D. D R R. because he had congress eating a out of oC his hand Now ll this missionary work Is undone and the ghost of the tho Wilson Wil VB son fiasco rises to haunt them again This to mean much rougher sledding for monetary stabilization plans plan c o 9 a aThe committee of oC the The judiciary New York senate pulled some old- old time politics in choking ot off the amendment The Impression Im Impression Im- Im labor child-labor was given that the tho committees committee's com corn vote not to report the bill was woi unanimous I Ins Insiders n S I Ide d e r s say that wasn't Tho The unanimity came camo camoIn strictly U true In deciding not to record the committees committee's committees committee's com corn vote publicly The Tho minority minority min min- advocates of the amendment were willing to spare their co colleagues colleagues col col- 1 lea leagues ues this embarrassment They ml might ht want a similar favor themselves themselves themselves them them- selves sometime The Informed ascribe the committees committee's committees committee's com corn negative action to two factors Most New York City Democrats in Ia the le legislature pay pay careful attention to tho the wish wishes s of the church Most Republicans pay equal attention to the desires of or upstate manufacturers These in influences influences in- in were vere stron strongly ly against ratification It might be different If the Issue were forced to the floor of the leg leg- The boys wouldn't care caro I Ito to stand up and be counted In the negative But this is improbable The name of any legislator who acted in such an manner would be mud with his mates o 4 I o G 1 Kidding about tho the Hauptmann case cost a broker 25 He brought a ladder and chisel out outon outon outon on the floor loor of tho the exchange and the governors assess assessed cd him for Cor unbecoming conduct The treasury will probably start offering baby bonds with it its March financing Copyright McClure Newspaper Syndicate |
